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Comment: Macroeconomic investment theses are always wrong (Score 4, Insightful) 502

by JoeyRox (#47610215) Attached to: Why Morgan Stanley Is Betting That Tesla Will Kill Your Power Company
Generally such theses are well founded in reason and logic but it's very difficult to make money from them, in this case by shorting the power companies, because not only does the basic premise need to be correct but so does the secondary and tertiary effects of that premise. In other words, these theses have to get multiple predictions correct, some of which are nearly impossible to do so considering all the permutations of possible outcomes.

Prototype designs always work. -- Don Vonada

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